Galina has been using the Japanese Candlesticks in trading since 2004. Meanwhile, she has wrote dozens of articles about these patterns, because nowadays it's possible to see a lot of things that couldn't be discovered in the good old days. Everyday Galina share her expert opinion about EUR/USD and USD/JPY on the fxBazooka.com.

USD/JPY: bulls going to move on because of "Three Methods"

We’ve got a “Harami” at the last low, so the current upward correction is likely going to move on towards the nearest resistance line. If we a pullback happens afterwards, there’ll be an opportunity to see the price even lower. As we can see on the Daily chart, the bearish trend is still on the table, but Friday’s candle has a huge shadow. Therefore, when a local correction ends, the downtrend is likely going to be continued.

There’s a bullish “Harami”, which led to the local correction. Also, today’s “Window” has been completely closed. However, we’ve got a “Three Methods” pattern, so the pair is likely going to reach the 55 Moving Average later on.